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Mcfirth, Looking at Sharehunter's orginal share list, then with both your contributions added the current shareholding would be around 9.5%. That's more than Paternoster Resources Plc. We would then all be able to see MJ and quite possibly even Gerald Chapman. Our biggest 'fellow shareholder.'
Mcfirth, Any chance that those skills sets could be directed from the Share Holders Group. I am sure they would be welcomed. Gige, The Share Holders Group currently have around 6.3% , and hopefully that will be increasing. In the very short time that it has been set thats not bad. Hope you will join too. Also, I haven't read any recent posts from Sharehunter. His contribution would also be very valuable. Regards
Pj2814, Fortunately I do not have any experience in delisted shares. A few suspended but not delisted. I was expecting that the BOD would put out a RNS today, or a statement on their website, providing a fuller update. Prefebally, they would volunter to do a shareholders Q&A meeting. This would not be difficult to do. Maybe they will still do this, without having to be prompted by PIs. This would be best all around. Holding regular Q&A sessions are neither difficult or expensive to do. Companies like JLP do regular Interactive Webcast with the CEO and Chairman both present to field shareholder questions. It does not require a studio.It could be done from their offices on site. With RRL they do regular written Q&As, to keep shareholders updated and remove misconceptions which can form when there is no direct communication with the BOD. Incidentally, this Q&A was as a result of pressure from a RRL shareholders group which was set up when the company's shares were suspended. Ironically, their shares are suspended for the second time for a reverse takeover. I see no reason why the Allecto Share Group once it is established cannot do the same. If the period of delisting was for a protracted period, ie several months or more, then I believe that shareholders should press for a regular, monthly update and Q&A session. I do not think that pointing the shareholders in the direction of the Investor Relations Officer is sufficient in the situation that we are in. We will be more persuasive if as many shareholders register their holdings in the shareholders register at the new site. There are some big holders here, namely yourself as well as Ragdoll2, Sharehunter and a few others. If they lend their support here then I do not think that the BOD can dismiss our request. IMO one we have exceed 10% of the share holding, and are effectively the second largest grouping behind Gerald Chapman then we can submit a letter directly to the head office, as well as through the IR office with instructions to pass the communication to the BOD. We could even try forwarding the letter to the Chairman as well. Mike Jones is regularly saying how the BOD is fully aligned with shareholders. That they are shareholders too. Well if he and the BOD are genuine, then they should have no difficulty in agreeing to keeping ALL shareholders updated and informed. This is my current thinking on the matter. I am happy to hear any other views.
GeologyStudent and ismalia, I have no desire to cast doubt on your outlooks and nothing would please me more than a quick re-admission for ALO. However, regarding St Brides. St Bride are the investor relations company. IRs are employed by companies to act as a firewall between PIs and the BOD. They will not be able to provide any useful information. Dominic Doherty (Operations Director), I'm sure is an officer and gentleman having graduated from Sandhurst. However, neither Dominic or Mike Jones will determine the fate of ALO. The board will follow the direction given by Gerald Chapman. Chapman is the biggest shareholder and as the Non-Executive Director he is supposed to look after the interest of shareholders. Please note that we should distinguish here between 'shareholders' and 'PIs'. They are ment to mean the same thing but on AIM they are not. I would be more reasurred if MJ and Gerald Chapman were to give a shareholders Q&A video conference, answering all questions in detail. Surely, with the shares not trading, and soon to be cancelled and off AIM, they cannot argue that they are bound by red tape and can be frank with PIs. In the current situation that ALO finds itself in, this is the least I would expect.
(http:/ /)alectoshareholders(dot)co(dot)uk(/)index(dot)php
JEPh, I found that that will not work. It just gives a blank page ! Need to put in /index.php at the end as harpmandoodle mentioned in his previous post .
tight, www(dot)alectoshareholders(dot)co(dot)uk Put in http:// at the front and /index.php at the end
CheshireKat, Thanks for input. Interesting reading. In your last paragraph you state that ''Without the facts from the board-room we conjure up conspiracy theories to fill the gaps.'' I agree and thats why a shareholders group is setting up. To get a meeting with a BOD member, preferrably MJ, to get some facts. I would urge MJ to do a shareholders conference or Q&A call or meeting were we can get more clarity. Including when we are to expect the admission document. We have no idea when this be. A month, a year !
Harpmandoodle, Just registered on your site. Posted my thanks. Sure the rest of ALO shareholders will follow. Regards.
Harpmandoodle, thanks for that. If most of the PI holders in the shareholders list gathered by Sharehunter in April, and re-posted by Micos on Thu 14:06, joined then that would in itself present a significant percentage. If correct, the top 10 PI holdings have around 12% and the top 20 PI around 14.5% . I hope that as many PIs join in. I will be joining. Rockd, Just to add to our discusion on here between Thu 22:10 and Thu 22:38 regarding the CPR issue, and that a '2nd CPR as part of the readmission documentation is required as Mowana is now producing.' Re-reading the RNS dated Fri, 12th May 2017 : ''Production Updates at Mowana, Mine Plan, and CPR'' clearly states that the completed CPR was on the PRODUCING Mowana mine: ... 'Competent Persons Report ("CPR") on Alecto's African assets and the PRODUCING Mowana mine has now been completed by Wardell Armstrong International, ....' So don't even need to go back to the March RNS to clarify timelines. Sorry for the capital letters, was not shouting! The features for text editing here is non existent. Regards
Variable_Input, Maybe a regular poster can show how to put in a link without it being removed !
Link removed ! Try g-m-x-.-co.-uk with the - removed !
Micos, Thanks for that. I knew I had seen a list sometime back. I have around 10 m shares to add to it. If a shareholders group is set up it would also be interesting to contact David Archer of Savannah Resources plc. SAV have a 2.75% holding as at 13th October 2016. Get his reaction to the latest ALO RNS. I don't think he will be hiding ! Variable_Input, I believe its min £5.99/mth for the lse private messaging service. If gazshot or another member starts the ball rolling on settimg up a shareholders group then I will subscribe to the service. Altenatively you can set up a free email account so that shareholders can contact you. The gmx.co.uk service is good. I can be contacted at allianze1@gmx.co.uk
gazshot, I suppose the first thing to do would be to approach those posters who had listed their shareholding previously. Contact them via the lse private message facility and ask whether they would like to lend their support to a shareholders' group. Lets say the Alecto Shareholders Group (ASG). To start things off, and make things more managable and decision making easier, concentrate on forming a core group of the larger shareholders. Later, possiblely setup a shareholders group website. Once you have a core grouping, say around 10% of the shareholding, form a council of say 5 members and approach the company and request a meetimg with one of the BOD members, preferrably MJ himself. The point is to let the BOD know that there is shareholders' group in the background and will need to be taken account off. ----- darkelf69612 The problem that shareholders need to respond now is that it takes time to rally shareholders. From the response that I got from Olivia, posted below, the shares will be delisted on the 11th July. Shareholders will not be able to change the delisting, but still I rather have a shareholders group in place interacting with the company on my behalf rather than rely on the BOD to respond when they feel like it. I think a shareholders group is more aligned with PIs than the BOD.
ragdoll2 I do think there is a chance that things will work out here and maybe not all doom and gloom. However, one of the problems on AIM is that shareholders do not organize to protect their interests, and the BODs on AIM do not have the best interests of their shareholders in mind. Even a core grouping of shareholders around which other shareholders could rally around in times like this would be very helpful. In any case, if any of the regular posters here start the ball roling I will be more than glad to lend my support.
Guys and Gals, Single share holders emailing can only get so far. Also, the person that shareholders needs to get hold of is MJ, or another member of the BOD, to answer shareholders' questions. I remember reading here, a few months back, posters listing their ALO shareholdings. Seemed that a relatively few shareholders held a reasonable percentage of the shares. Wouldn't a better approach be to form a shareholder group. The company could not ignore a group with 10 - 20% shareholding. IMO organizing a group is the only way to stand a chance to hold the BOD to account going forward.
Hi all, I just registered to take part in the discussion here. I have around 10m ALO shares at an average of around 0.075p. I;m also concerned about recent the RNS. I managed to get a reply from Olivia yesterday and I have included it below. I asked a series of specific questions, some of which were answered. However, must remember that she is just the IR front and she can only give prepared responses. --- Hi there, Many thanks for your email following the RNS published by Alecto Minerals this morning. Alecto’s shares will be cancelled from AIM with effect from 7.00 a.m. on 11 July 2017. Although the company will not meet its planned deadline of 11 July to publish an admission document, I would like to assure you that the Board remains committed to proceeding with the acquisition of the Mowana Copper Mine in Botswana and the Company will seek admission to trading on AIM as a new applicant as soon as possible. The process for this has already begun but I’m afraid I am unable to give you a clearer indication of timings or detail at this moment in time - as I’m sure you can appreciate, with a transaction of this kind there are a number of regulatory hurdles that must be met and the Company is doing all it can to meet these in a timely manner, however some elements are out of its control / subject to approval by AIM. I appreciate this is a frustrating time, but would like to assure you that the Board, who have a substantial shareholding in the company themselves, are fully aligned with shareholders and are committed to returning the company’s shares to trading as soon as possible. Further updates will be made to shareholders as soon as the Company is in a position to do so. Kind regards, Olivia